UN Sees ‘Unprecedented Challenges’ From Canal Crises and War
- Drop in canal traffic increases journey time and emissions
- War in Ukraine has altered Black Sea grain and oil flows
Transit through Suez Canal has fallen by 42% from its peak last May.
Photographer: Sayed Hassan/Getty ImagesThis article is for subscribers only.
Crises in the Suez and Panama Canals, along with war in the Black Sea region, are upending supply chains and contributing to greenhouse gas emissions, according to a United Nations report.
Transit through the canals — vital arteries for world trade — has slumped as drought plagues the Panama waterway and Houthi militant attacks discourage traffic through Suez and the Red Sea. Meanwhile, Russia’s war in Ukraine has altered key Black Sea trade routes for oil and grain.